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Jul 28, 2011 12:00pm EDT
, reduced spending on the wars in afghanistan and iraq and through targeted cuts to mandatory spending. it doesn't raise taxes and it doesn't touch medicare, medicaid or social security. again, this is not a perfect plan. i have been on the floor many times in favor of a balanced package that includes cuts to spending, domestic, defense and mandatory, but also includes increased revenues. the reid princess plan doesn't e those goals -- the reid plan doesn't achieve those goals but i hope we will get there eventually. this is not a proposal i would have written, but i'm one of more than 100 members of the senate and more than 535 members of congress, and i don't get everything i want. none of us here in congress get everything we want. that's the nature of compromise. that's the nature of democracy, and that's why the framers of the constitution created checks and balances in government. that's why they created two chambers in congress and three branches of government, and when you're a leader in government, you just don't have the luxury of drawing a line in the sand and walking away.
Jul 25, 2011 5:00pm EDT
drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of the plan that we've been operating on for a long time. $150 billion for the war is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trillion. and another thing that's scored in that, since that $1 trillion in war costs is scored the way mr. reid scored that, which is ph
Jul 27, 2011 9:00am EDT
from the iraq and afghanistan wars are real. that's c.b.o. saying it. not some democrat who's hoping and praying for an easy fix. this completely undercuts the arguments by republicans who have tried to call these savings a gimmick, even though they included them in their own budget and voted for them only a few months ago. if it was knock their budget -- if it was okay in their budget, it's got to be okay in our budget. you can't just change your mind based on whose budget it is. the substance should matter to some extent. plus, since the c.b.o. will only measure the plan's first draft before aofficial plan savings were incorporated into the bill, the final version will achieve even deeper savings when it is filed on the floor. as "politico" reports this morning, "in the battle of budget scores, the senate democratic deficit-reduction bill is the clear winner thus far over an alternative by speaker john boehner." and lastly, senator reid's proposal allows for a joint committee that has the potential to achieve even deeper savings down the road to get our country back on the path to
Jul 26, 2011 9:00am EDT
military to be getting the news in afghanistan and iraq of all the upheaval in washington, because they're getting the news, of course. and for them to worry, oh, my gosh what happens august 2 if my paycheck isn't there or my wife or my husband -- for my wife or my husband to be able to use that to pay our mortgage or the basic expenses? i just want to put it in perspective here. we have people in the military with boots on the ground by the thousands that are making under $20,000 a year. now, those are people who are living paycheck to paycheck. they don't have the luxury of having a big savings account with that kind of income, and especially if they've got children. my goodness, they're making under $18,000 a year, some of these younger junior members of the enlisted corps. so i don't think we ought to make them worry for ten seconds if they can pay their basic bills for their housing and the food for their families. in my state of texas, there are 28,000 brave men and women deployed in the support of operations in iraq and afghanistan. there are more than 97,000 service members depl
Jul 19, 2011 12:00pm EDT
assistance force, isaf, and u.s. forces afghanistan. the president expressed his full confidence in general allen as he begins this important assignment and that he said he looks forward to working closely with him. and with that i will take your questions. >> i want to follow-up on something the president said. he claimed to call speaker boehner and the other leaders after the house vote to resume meetings here, is that right? should we respect resumption a daily meeting? >> no, i think the president will call speaker boehner, based on what he said. he will call the leaders and arrange for a time for a meeting to happen here at the white house. is not a series of meetings budget sometime in the next few days. >> he also made note at the end there that is in progress or agreement with the concept of six or seven senators, how is the white house expects what this again is think to have an impact on the house republican? >> the news from the gang of six/seven italy a significant because it dramatized and reinforces the fact that the only way to deal a significant deficit reduction bill is to
Jul 29, 2011 9:00am EDT
to the president of the united states, as an example, we want you to continue to wage war in afghanistan at the cost of $10 billion a month, this president knows that he will have to borrow about $4 billion a month to meet that congressional appropriation. you see, we borrow about 40 cents for every dollar we spend. similarly, when it comes to the payments that we make to our veterans, who are disabled, we have promised them we will pay you, because you served our country and you lost a limb or you were injured and we will compensate you for that loss for the rest of your life. we need in making that commitment that we're also making a commitment to borrow the money necessary to do it. so periodically a president will come to congress and say, i understand our obligations which you have sent to me and i have approved, and now i ask you to extend my authority to borrow the money to meet those obligations. that has happened 89 times since 1939. since we passed this law, presidents of both parties have come to congress and asked for that authority. and aceman as i mentioned, not d congress
Jul 25, 2011 12:00pm EDT
the following. you could eliminate all the bush/obama tax cuts. you could pull out of iraq, afghanistan and southwest asia tomorrow. you could end up eliminating all congressional earmarks and you could eliminate all foreign aid which people think is a big number but it's not, that's about 15 to 20% of the problem. the government has grown too big, promised too much, waited too long to restructure. yes, we're going to have to have more revenues as compared to historical levels but we need to go about it in an intelligent way that will make our system fairer, more equitable, more comparative and it will promote job growth and promote innovation. last i think this, on the comeback america initiative, preemptive framework, there's an additional $500 billion for critical investments over the next two years in order to help the economic recovery and to deal with unemployment. nonetheless, the net spending reductions over the next 10 years are over 3 trillion. so, yes, we need to do some things to make sure we recover and get unemployment down but if we don't end up putting our finances in or
Jul 26, 2011 5:00pm EDT
of the money that we are going to save by not continuing operations and iraq and afghanistan for the next ten years at their current level. that that was also in the rhine and budget. as it turns out, the rise in budget receives $2.2 trillion in savings without using that accounting gimmick triet compared to the president's 2011 number, the ryan budget saves $6.2 trillion without using that accounting gimmick. with the ryan budget does -- if you look through the various charts and pages of it -- it also has various comparisons, including pretty much the obligatory comparison to what is called the current law budget that cbo scores, and in that he compared because that's what cbo does the oco cost for the overseas contingency operation cost, but he did not utilize that in order to achieve the savings in his budget. so i had made the same mistakes others had in assuming what we were told was correct. paul ryan made it clear no, that wasn't correct. when we criticized the bill that the majority leader has brought up for use in over a trillion dollars in savings from that oco account, i think we
Search Results 0 to 7 of about 8